Reliant Investment Partners LLC acquired a new stake in shares of Merck KGaA (OTCMKTS:MKGAF – Free Report) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 8,800 shares of the company’s stock, valued at approximately $1,131,000. Merck KGaA accounts for 0.8% of Reliant Investment Partners LLC’s investment portfolio, making the stock its 28th largest holding.
Several other hedge funds also recently bought and sold shares of MKGAF. Frazier Financial Advisors LLC bought a new stake in shares of Merck KGaA in the 2nd quarter valued at $25,000. Addison Advisors LLC acquired a new position in Merck KGaA in the second quarter valued at about $90,000. Hara Capital LLC acquired a new position in Merck KGaA in the second quarter valued at about $110,000. Comprehensive Financial Planning Inc. PA bought a new stake in shares of Merck KGaA in the second quarter worth about $134,000. Finally, Stevens Capital Partners bought a new stake in shares of Merck KGaA in the second quarter worth about $220,000. 0.10% of the stock is currently owned by institutional investors and hedge funds.
Merck KGaA Stock Performance
Shares of MKGAF stock opened at $162.12 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.84 and a current ratio of 1.31. Merck KGaA has a 52 week low of $116.68 and a 52 week high of $175.56. The company’s 50 day moving average price is $162.47 and its two-hundred day moving average price is $148.35. The company has a market capitalization of $20.95 billion, a P/E ratio of 24.75 and a beta of 0.96.
About Merck KGaA
Merck KGaA, headquartered in Darmstadt, Germany, is a long-established multinational chemical and pharmaceutical company with roots dating back to 1668. Operating under the brand Merck Group (and using distinct consumer-facing names in certain regions to avoid confusion with other companies of similar name), the company is privately controlled by the Merck family and organizes its activities across multiple business units that serve customers in Europe, the Americas, Asia-Pacific and beyond.
The company’s operations are organized mainly into three businesses.
Further Reading
- Five stocks we like better than Merck KGaA
- 3 Energy Stocks Raising Dividends as the Sector Surges
- 5 Reasons the S&P 500 Could Keep Rallying Through Year-End
- Walmart’s Post-Earnings Drop Could Be a Buying Opportunity
- The Trade Desk’s Earnings Miss Raises a Bigger Question About Its AI Future
Want to see what other hedge funds are holding MKGAF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Merck KGaA (OTCMKTS:MKGAF – Free Report).
Receive News & Ratings for Merck KGaA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Merck KGaA and related companies with MarketBeat.com's FREE daily email newsletter.
